Bosch Unveils $250M Venture Fund to Back Deeptech Startups

The fund comes at a time when many companies are cutting back on venture investments. Bosch, however, is showing strong support for startups based on scientific and engineering breakthroughs, even if they take longer to bring to market.

Bosch is especially interested in startups working on sustainable mobility, climate-friendly solutions, and connected systems.

Ramesohl explained the firm’s strategy: “As a global investor, we need to be part of the local startup ecosystem so we can find startups with potential, whose innovative technologies could turn entire markets upside down.”

“Open Bosch empowers co-innovation,” said Ramesohl of the firm's Open Bosch program, launched in 2018. “This win-win partnership enables Bosch to strengthen and secure its innovation efficiency and support the company’s long-term success.”

“Startups can boost innovation in a way that delivers important growth impetus for a country’s economy,” said Stefan Hartung, chairman of the board of management of Robert Bosch GmbH. “That is why we want to remain a reliable partner for the startup sector worldwide, even in an adverse business environment.”

“We invest in particular in deep-tech startups, which are based on scientific breakthroughs or technological innovations,” said Ingo Ramesohl, managing director of Robert Bosch Venture Capital GmbH. “As a result, these young companies have great potential to bring about fundamental market change.”

Bosch Ventures currently has over 60 companies in its active portfolio, covering various regions and industries. Notable successes include Xometry, a U.S. marketplace for industrial parts, and IonQ, the first quantum computing company to go public.

The firm has also backed European deeptech startups like Quantum Motion, Arduino, and Aleph Alpha.

About Bosch

Bosch is a global company that makes technology and provides services in four main areas: cars, industry, home products, and energy and building solutions. They are known for products like car parts, home appliances, power tools, and energy systems.